Hiscox maintains wildfire reserve levels while Retail and Re & ILS advance
Hiscox London Market reported ICWP of $329.7 million, a 4.0% increase from $316.9 million last year. Growth came from property, marine, energy, and specialty classes. Rates across the segment declined by 3% for the first time since 2017 but remained 69% higher than 2018 levels. The property division benefited from previously written binders and new deals, while marine, energy, and specialty gained new construction business.
